Grupo Elektra, S.A.B. de C.V. Reports Earnings Results for the First Quarter Ended March 31, 2023
April 25, 2023 at 01:17 am EDT
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Grupo Elektra, S.A.B. de C.V. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported net interest income was MXN 17,891 million compared to MXN 16,500 million a year ago. Net income was MXN 459 million compared to net loss of MXN 4,615 million a year ago.
Basic earnings per share was MXN 2.07 compared to basic loss per share of MXN 20.43 a year ago.
Grupo Elektra SAB de CV (Elektra) is a Mexico-based company primarily engaged in the banking and retailing sector. The Company is a financial services and specialty retailing company in Mexico and Central and South America, as well as a short-term non-bank loan provider in the United States. Its Retail Business segment comprises the sale of motorcycles, cell phones, appliances in general, electronics, furniture, among others; and provision of services, such as electronic money transfers, extended guarantees, airtime, and mobile virtual network operation. Its Financial Business segment provides banking and financial products and services like consumer credit, personal loans, commercial loans, savings accounts, term deposits, debit cards, credit cards, life and casualty insurance, retirement fund management options, brokerage services, and short-term non-bank loans. Elektra operates more than 7,000 points of contact, including approximately 4,600 in Mexico; close to 600 in Central and So
GRUPO ELEKTRA, S.A.B. DE C.V. 
